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Daily Output of Scotland and Poland
Table 18.1
-Refer to Table 18.1.The nation with a comparative advantage in bagpipes is
Expected Value
The long-run average value of repetitions of the experiment it represents, often used in probability and statistics.
Shopping Outlet
A retail store or set of stores where products are sold directly to the public, often at reduced prices.
Covariance
A measure of the degree to which two variables change together, indicating the direction of their linear relationship.
Coefficient of Correlation
A statistical measure that calculates the strength and direction of a linear relationship between two variables on a scatter diagram.
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